"Well, the basic unit is the pound, which splits into 100 pence, the plural form of 'penny'. There are quite a few different coins; 1 penny, 2 pence, 5p, 10p, 20p, 50p, the one pound coin and the two pound coin. The paper bills are as follows; the 1 pound note, the ten pound note, the 20 pound note, and the 50 pound note," she explained.